|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.1184 - 0.1350|
|52 Week Range||0.0600 - 0.1900|
|Beta (5Y Monthly)||0.21|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Highlights: Assay results from the lower portion of hole 20AU001 and the upper part of hole 20AU002 (which was suspended in progress above the target depth) have been.
Assay results from the upper two thirds of Hole 20AU001 intersected multiple zones of gold mineralization associated with elevated arsenic and bismuth concentrations in a robust hydrothermal system. The target being drilled at the Aurora prospect is adjacent and immediately west of the Pogo Mine property, which is owned and operated by Northern Star Resources Ltd. (“Northern Star”).
As a precaution against the risk of COVID-19, and in the best interest of the safety of staff, Millrock and Resolution have temporarily suspended drilling operations at 64North. Several zones of quartz veining with sulfide mineralization and strong to intense sericite – dolomite wall rock alteration were intersected. All core drilled is at Millrock’s core logging facility in Fairbanks, Alaska and is being logged and sampled, with strict protocols in place for employee protection from COVID-19 infection.
Camp and drill rig are presently being mobilized to the Aurora target, immediately to the west of the Pogo Mine, Alaska. The drill holes will test area of low magnetic intensity and will pierce conductive zones thought to represent a regional, low-angle, northwest-dipping shear zone. The target shear zone is interpreted to be the same shear zone that hosts the gold deposits being mined by Northern Star Resources Limited (“Northern Star”) at the Pogo Mine.
Each Unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”). Finder’s fees have been paid as follows in connection with financing: $18,900 and 157,500 Finder’s Warrants to RedPlug Inc.; $8,610 and 71,750 Finder’s Warrants to Haywood Securities Inc.; $17,724 and 147,700 Finder’s Warrants to Canaccord Genuity Corp; $1,680 and 14,000 Finder’s Warrants to Sprott Capital Partners LP. The common shares forming part of the Units, the Unit Warrants and any common shares issued pursuant to exercise of Unit Warrants or Finder’s Warrants are subject to a hold period and may not be traded until June 15, 2020.
Not for distribution to United States newswire services or for dissemination in the United States. VANCOUVER, British Columbia, Feb. 10, 2020 -- Millrock Resources Inc..
Millrock has been advised that its partner Resolution Minerals has raised sufficient capital to fund a planned drilling program on the Aurora Target, immediately to the west of the Pogo Mine, Alaska. An overall US$5 million exploration program is planned for 2020. Millrock has been granted a royalty on Northway Minerals’ Napoleon property in Alaska, in return for an exclusive copy of proprietary exploration information owned by Millrock.
It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Offering. Non-accredited investors will be welcome to participate in the Offering through use of the existing shareholder exemption provided in British Columbia Instrument 45-534 and similar exemptions in other jurisdictions of Canada.
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - Millrock Resources Inc. (TSXV: MRO) would like to cordially invite you to visit us at Booth 625 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 19 - Monday January 20, 2020. The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the ...
Millrock has executed a definitive Option to Joint Venture agreement with Resolution Minerals Ltd. (“Resolution”) concerning Millrock’s district-scale 64North gold project in eastern Alaska (the project was previously named the Goodpaster project). The legal due diligence period was successfully completed, and Resolution has provided the required US$500,000 exploration advance.
In 2007 Greg Beischer was appointed CEO of Millrock Resources Inc. (CVE:MRO). This report will, first, examine the CEO...
Millrock has received its exploration permits for camp construction, drill road construction, and exploration drilling, and trenching. Millrock and N27 are planning a US$5.0 million exploration program that will include a thorough test of drill targets established on the West Pogo Block. The Company has received an expanded and updated Pogo Mine Road Use Permit to allow passage of semi-truck and trailers in addition to the already approved pickup truck traffic.
Millrock has executed a Binding Term Sheet and granted an exclusive legal due diligence period to ASX-listed company Northern Cobalt Limited (“N27”) (soon to be renamed Great Northern Metals) concerning its district-scale Goodpaster Gold Project in eastern Alaska. Upon successful due diligence, the parties will enter an Option to Joint Venture agreement with pre-determined business terms. Initial Year 1 investment of US$5,000,000 in exploration expenditures to earn 30%.
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) announces that it has received results of a Controlled Source Audio Magneto Tellurics (“CSAMT”) survey recently conducted on its West Pogo claim block, which comprises a portion of its Goodpaster Gold District exploration project. Gently dipping conductive zones potentially indicative of gold mineralization in the same regional shear zone that hosts the Pogo Gold Mine have been detected. The anomalous responses are directly along strike and down dip of a recent gold deposit discovery announced by Pogo Gold Mine operator Northern Star Resources Limited (“Northern Star”).
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) is pleased to provide the following update on activities that have occurred over the past calendar quarter. President & CEO Gregory A. Beischer commented: “The moves Millrock has made over the past three months has positioned the company well for what appears to be a coming bull market in precious metals. Very shortly after Millrock’s acquisition of the mineral rights through staking of State of Alaska mining claims, the property became the subject of a previously-announced binding letter agreement with First Quantum Minerals Limited (“FQML”).
Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) ("Millrock" or the “Company”) reports it has signed a binding letter agreement whereby First Quantum Minerals Limited (“FQML”) has been granted the exclusive right to enter an option agreement on Millrock’s Dragonslayer porphyry copper-gold project in eastern Alaska. The target was detected using an airborne ZTEM and magnetic susceptibility survey. After the initial earn-in, FQML can increase its interest to 70% by defining a NI 43-101 compliant Inferred Resource of at least 1 million tonnes of contained copper equivalent (a “Resource”) and filing a qualifying report on SEDAR documenting that Resource, provided it continues to sole-finance the project until a Resource has been filed on SEDAR.
Key Highlights: Millrock has sold five projects, a geological database, and exploration equipment to Riverside Resources.Consideration paid consists of cash, Riverside shares,.
VANCOUVER, British Columbia, Sept. 12, 2019 -- Millrock Resources Inc. (TSX-V: MRO) ("Millrock" or “the Company") reports a correction to the news release dated September 6,.
Millrock Resources Inc. (MRO.V) ("Millrock" or “the Company") reports the non-brokered private placement announced on July 10, 2019 has been completed and was over-subscribed. Each unit consists of one common share of Millrock and one share purchase warrant (the “Unit Warrants”).
Millrock Resources Inc. (MRO.V) ("Millrock" or the “Company") announces the TSX Venture Exchange has granted Millrock an extension to the deadline to file final materials in respect of the private placement financing announced on July 10, 2019. The Company must complete the filing by September 25, 2019. Millrock Resources Inc. is a premier project generator to the mining industry.
Millrock President & CEO Gregory Beischer commented: “We were pleased that multiple existing Millrock shareholders in Canada were able to take advantage of the Existing Shareholder Exemption. This exemption allows smaller, existing shareholders to take advantage of the potential earnings benefits that private placements can provide.
It is the intention of the Company to provide an opportunity to existing, eligible Millrock shareholders to participate in the Offering. Each Unit will consist of one common share of the Company and one share purchase warrant (the “Unit Warrants”).
Millrock has agreed to sell five projects, a geological database, and exploration equipment to Riverside Resources Inc. Consideration paid consists of cash, Riverside shares, and grant of royalties. VANCOUVER, British Columbia, June 26, 2019 (GLOBE NEWSWIRE) -- Millrock Resources Inc. (TSX-V: MRO, OTCQX: MLRKF) ("Millrock" or the “Company”) reports that it has entered into an agreement to sell the La Union, Los Cuarentas, El Pima, El Valle, and Llano del Nogal claim blocks to Riverside Resources Inc. (“Riverside”).